TD Cowen Raises FedEx Price Target to $426

Analysts cite strong earnings and growth potential for the shipping giant.

Mar. 21, 2026 at 9:05am

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FedEx (NYSE: FDX) had its price target increased from $383 to $426 by investment firm TD Cowen. The analysts maintained their 'buy' rating on the shipping company's stock, citing FedEx's strong earnings performance and growth potential. Several other brokerages have also recently raised their price targets and ratings on FedEx shares.

Why it matters

FedEx is one of the world's largest logistics and courier companies, so changes to its stock price target and analyst ratings can impact investor sentiment and the company's valuation. The increased price target suggests Wall Street sees further upside for FedEx as it navigates industry challenges like the rise of e-commerce.

The details

TD Cowen raised its price target on FedEx from $383 to $426 per share, while maintaining a 'buy' rating on the stock. The analysts cited FedEx's strong financial results, with the company recently reporting better-than-expected earnings. Several other brokerages, including Stifel Nicolaus, Barclays, and Stephens, have also lifted their price targets and ratings on FedEx in recent weeks.

  • FedEx reported its latest quarterly earnings on March 19, 2026.
  • TD Cowen released its updated price target and rating on FedEx on March 21, 2026.

The players

FedEx

A global logistics and courier company headquartered in Memphis, Tennessee. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

TD Cowen

An investment firm that covers FedEx and has raised its price target and maintained a 'buy' rating on the company's stock.

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The takeaway

The increased price target from TD Cowen suggests Wall Street sees further upside potential for FedEx as the company navigates industry challenges like the rise of e-commerce. The positive analyst sentiment could boost investor confidence in the shipping giant.